Cornerstone Apartments

1302 Stewart Ave, Las Vegas, NV 89101

  • For Sale $747,000
  • Property Type Multi-Family
  • Property Size 2,280 SF
  • Units 3
  • Property Tenancy Multi-Tenant
  • Year Built 1956
  • Year Renovated 2021
  • Date Updated Jan 29, 2024
1302 Stewart is located in the downtown sub market Las Vegas. Situated on the Southeast corner of Stewart and 13th St 1302 Stewart is conveniently located near downtown entertainment, dinning, employment hubs, schools of all grades, shopping, public transit and freeway access valley wide.1302 Stewart consists of 1 individually parceled Tri-Plex within the Downtown submarket of Las Vegas. The unit mix for 1302 Stewart is comprised of one 1 bedroom, one 2 bedroom and 1 three bedroom. All units have been renovated inside/out with proper permitting and city inspections. Current occupancy is 100% and the property has maintained a historic average occupancy of 100%. In place CAP rate is 5.25% The property is individually metered for power and the operating expenses for this asset are super low.. 1302 Stewart is located less than a mile from the world famous Fremont St Experience and all the excitement of downtown. Major public transit routes, schools of all grade levels, shopping and dinning are close by. Access to i15, and i95 from the subject property allowing tenants ease of access for valley wide commutes to and from their employment. This will be a hassle free investment opportunity. Don’t miss out on this opportunity to own a turnkey multifamily investment opportunity in the heart of Las Vegas that has continued to perform at the highest efficiency realizing strong returns. To view sales comps, operating income/expenses, area demographics and a full under writing of 1302 Stewart please download the offering memorandum or Info packet. To discuss making an offer or to set up a site visit please contact Paul Macaluso directly.

Want more info on this listing?

Reach out to the broker for more info on lease terms and amenities

Highlights

  • Fully Renovated
  • 100% Occupied
  • Gated Grounds
  • Turnkey Offering

Contacts

broker

Adam Paul Macaluso

Simply Vegas Apartment Building Asset Specialist

(702) 909-7047

Location

Getting Around

  • Walk Score ®

    77/100 Very Walkable

  • Transit Score ®

    57/100 Good Transit

  • Bike Score ®

    65/100 Bikeable
Powered by Walk Score ®
  • City Las Vegas, NV
  • Neighborhood Downtown Las Vegas
  • Zip Code 89101
  • Market Las Vegas

Points of Interest

  • SLS

    2.21 miles

  • Westgate

    2.46 miles

  • LVCC Central Station

    2.81 miles

  • LVCC West Station

    2.91 miles

  • Las Vegas Convention Center

    2.96 miles

  • Treasure Island

    3.82 miles

  • Mirage

    3.98 miles

  • Harrah's/The Linq

    3.99 miles

  • Caesars Palace/Flamingo

    4.16 miles

  • Rideshare Pickup

    4.31 miles

  • Tesla Supercharger

    0.51 miles

  • Arco

    0.85 miles

  • Sinclair

    1.02 miles

  • Arco

    1.22 miles

  • Arco

    1.65 miles

  • Chevron

    1.68 miles

  • Western Petroleum

    1.68 miles

  • 7-Eleven

    1.74 miles

  • Costco Gasoline

    1.77 miles

  • Chevron

    1.90 miles

  • Saint Bridget Catholic Church Overflow Parking

    0.10 miles

  • The Llama Lot

    0.31 miles

  • Cortez Free Parking

    0.45 miles

  • Zappos.com 7th Street Lot

    0.50 miles

  • El Cortez Valet Lot

    0.51 miles

  • Gold Spike Lot

    0.58 miles

  • El Cid

    0.59 miles

  • Zappos Self Parking

    0.64 miles

  • Fremont Street Experience Parking

    0.68 miles

  • Federal Courthouse Employee Parking

    0.68 miles

  • Peter Pan Motel

    0.12 miles

  • The Gables Motel

    0.15 miles

  • Alicia Motel

    0.16 miles

  • Lucky Motel

    0.19 miles

  • Travelers Motel

    0.22 miles

  • Economy Motel

    0.25 miles

  • Desert Moon

    0.31 miles

  • Alpine Motel

    0.34 miles

  • Dragon Motel

    0.36 miles

  • Downtowner Motel

    0.42 miles

  • Chow

    0.26 miles

  • Oak and Ivey Bar

    0.48 miles

  • Turmeric

    0.49 miles

  • BBQ

    0.50 miles

  • Bin 702

    0.50 miles

  • eat.

    0.52 miles

  • 7th & Carson

    0.53 miles

  • VegeNation

    0.54 miles

  • La Comida

    0.57 miles

  • Le Thai

    0.58 miles

  • Community College of Southern Nevada Downtown Learning Center

    0.12 miles

  • Howard E Hollingsworth Elementary School

    0.39 miles

  • Saint Joseph Elementary School

    0.40 miles

  • First Good Shepard Lutheran School

    0.50 miles

  • Las Vegas Academy

    0.56 miles

  • First Christian Church Child Development Center

    0.68 miles

  • Halle Hewetson Elementary School

    0.73 miles

  • Carousel Christian Child Development Center

    0.77 miles

  • Crestwood Elementary School

    0.86 miles

  • Sunrise Acres Elementary School

    0.96 miles

  • La Petite Academy

    5.80 miles

  • KinderCare

    6.82 miles

  • Sekuritie Child Care LLC

    8.09 miles

  • La Petite Academy

    8.21 miles

  • Childtime

    8.53 miles

  • La Petite Academy

    8.62 miles

  • La Petite Academy

    8.86 miles

  • Children's Choice Learning Center

    9.04 miles

Frequently Asked Questions

What is the lease rate for Cornerstone Apartments?

Rental asking rate at Cornerstone Apartments is $373,500.00/YR.

What is the total square footage of Cornerstone Apartments?

Cornerstone Apartments totals 2,280 square feet.

When was this property built?

Cornerstone Apartments was built in 1956.

Looking for more in-depth information on this property?

Looking for more in-depth information on this property? Find property characteristics, ownership, tenant details, local market insights and more. Unlock data on CommercialEdge.

Contact Listing Broker

broker

Adam Paul Macaluso

Simply Vegas Apartment Building Asset Specialist

(702) 909-7047